Global Automotive High Performance Electric Vehicles Market - Aided by Government Initiatives to Spur Consumer Acceptance

23 Feb, 2016, 09:10 ET from Research and Markets

DUBLIN, February 23, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/hr57dw/global_automotive) has announced the addition of the "Global Automotive High Performance Electric Vehicles Market - Forecasts and Trends (2015 - 2020)"  report to their offering.

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The Global High Performance Electric Vehicles market is expected to grow at a CAGR of 38.75% during the forecast period and would reach 0.52 million units by the end of 2020. 

Tesla pioneered the concept of EHPV and supported and encouraged their development. The company hopes that this initiative would spur consumer acceptance and create a network of supporting businesses, such as, EV charging stations and service centers. During the forecast period, new EHPVs by Audi, Porsche, and Aston Martin are expected to enter the market. 

By the end of 2015, North Americas would account for the majority of the market share, followed by European and APAC countries. The market is segmented by electric vehicle type, by power range and by geography (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa). Some of the key players in this market are BMW, Daimler, and Nissan Motor. 

Growing awareness of vehicle emissions, lower operating and maintenance cost aided by increase in Government initiative to encourage the use of electric vehicles, would also drive the growth of high performance electric vehicles. 

Additionally, cost of fuel used for propulsion is also significantly lower (estimated to be less than one third) than high performance ICE vehicles. High cost of ownership coupled with limitations in account of the charging infrastructure in many countries, would affect the growth of the market in the forecast period. 

Key Topics Covered: 

1. Introduction 

2. Research Methodology 

3. Executive Summary 

4. Key Inferences 

5. Market Overview And Technology Trends 

6. Automotive High Performance Electric Vehicles, By Vehicle Type 

7. Automotive High Performance Electric Vehicles, By Power Range 

8. Automotive Battery For Electric Vehicles- By Geography - Regional Share And Forecasts 

9. Organic And Inorganic Growth Strategies 

10. BMW 

For more information visit http://www.researchandmarkets.com/research/hr57dw/global_automotive

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SOURCE Research and Markets